7655 Redwood Blvd Novato, CA 94945
Property profile & analytics
Location Intelligence
Current Use by Public Records
- SLR Financial / Financial Advisor
- Marin County Child Support Services / Social Service Agency / Charitable Organization
- Boerio LLP / Accounting Firm
Property Details for 7655 Redwood Blvd
- Year built
- 1980
- Property size
- 36,024 SF
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a two-building, 36,024 square foot office complex located at 7655 & 7665 Redwood Boulevard in Novato, California, 94945. The property, built in 1980 and renovated in 1993, is classified as a Class B, multi-tenant traditional office building. The asking price is $7,000,000, translating to $194.31 per square foot. The property sits on a site zoned PD - Business Professional Office, offering significant redevelopment potential. Currently, there are a couple of existing tenants with below-market leases that can be terminated by the new owner. This presents a unique value-add opportunity to increase rental income. The property benefits from a highly desirable location, adjacent to a 65-acre site approved for housing redevelopment, and directly across from the SMART Train San Marin station. Downtown Novato is conveniently located one freeway exit to the south. The surrounding area also boasts open space and trails. This property offers a compelling combination of immediate income potential and long-term redevelopment upside in a thriving Marin County location. The two buildings are two stories each.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Novato
- County
- Marin
- State
- California
- Longitude
- -122.568
- Latitude
- 38.1197
